On-chain data shows the adoption rate of XRP has accelerated recently, led by an influx of retail-sized investors into the network.
The XRP Ledger has just introduced a significant update with the implementation of the AMMClawback amendment, a crucial feature designed to enhance security and regulatory compliance on the network. This update, as confirmed by XRPScan, introduces the ability to recover tokens even after they have been sent to a recipient's account.
Purpose Investments, a major Canadian asset manager, is pushing to become the first company to launch an XRP exchange-traded fund (ETF), filing a preliminary proposal with Canadian regulators.
Ripple CEO Brad Garlinghouse just dropped a bombshell, revealing major milestones that could send XRP skyrocketing! From record-breaking XRP ETF filings to a booming decentralized exchange and a surging stablecoin, XRP's Q4 2024 was one for the history books.
The main culprit behind a possible new all-time high is the resolution of the SEC v. Ripple case.
According to data from the crypto ranking platform CoinGecko, XRP is up 511% yearly. In Q4, 2024 alone, XRP market capitalization gained 246%, according to a recent report by Messari.
The crypto market has gained some appeal again as Donald Trump signed an executive order paving the way for a national digital asset stockpile. In this environment, crypto coins like Ripple (XRP) and Cardano (ADA) have seen big price gains on the monthly charts.
Ripple chief executive officer Brad Garlinghouse has published a tweet to share Ripple's quarterly XRP markets report and make a recap of the biggest milestones achieved by the company and the XRP token.
XRP price has stayed in the red today but recent market developments indicate a potential reversal trend for the crypto ahead. Notably, top experts have set the short-term target for the crypto to $4, spotlighting a crucial support that the crypto must hold.
The SEC now has a pro-crypto Chairman, but the legal battle against Ripple remains ongoing.
As we enter February, XRP has been facing some consolidation, with the price staying relatively stable in the last few days. This price action is happening just below its recent swing high of $3.40, which was reached on January 16th.
Ripple's Q4 report highlights a 280% XRP surge as ETF filings rise. Will the SEC's next move fuel another rally or stall momentum?
As January ends, the excitement around XRP and its potential ETF is building. Grayscale has officially filed for an XRP spot ETF on the NYSE, and this has investors buzzing. Grayscale has been a key player in pushing forward Bitcoin and Ethereum spot ETFs, which makes their move toward XRP important.
Ripple Labs and its native cryptocurrency, XRP, have long been at the forefront of blockchain technology, particularly in the area of cross-border payments. However, recent statements by Anthony Georgiades, founder of Innovating Capital, have raised concerns about the decentralized nature of XRP's network.
XRP has seen a drastic drop in on-chain transaction volume, falling from 1.1 billion to just 100 million, raising concerns about liquidity and market health. Despite this, XRPs price remains steady at $3.10, maintaining bullish momentum above key moving averages, including the 50 EMA.
A subsidiary of the New York Stock Exchange wants to convert Grayscale's XRP Trust into a spot exchange-traded fund (ETF). The ETF and securities exchange NYSE Arca filed with the U.S. Securities and Exchange Commission (SEC) to propose the rule change.
XRP, the native cryptocurrency of Ripple Labs, has recently displayed mixed market sentiment, showing signs of potential bullish movement despite facing some challenges. As of January 31, 2025, the digital asset is trading near $3.13, reflecting a modest 0.80% price increase in the past 24 hours.
NYSE Arca has proposed listing the Grayscale XRP Trust, aiming to provide regulated exposure to XRP. If approved, shares would trade like a spot XRP exchange-traded product. NYSE Arca Proposes Listing Grayscale XRP ETF NYSE Arca filed a proposal with the U.S. Securities and Exchange Commission (SEC) on Jan.
The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has ignited significant speculation in recent weeks. Ripple's CEO, Brad Garlinghouse, has reportedly engaged in discussions with former President Donald Trump about the potential of XRP becoming the U.S. national digital asset reserve.
Purpose Investments, known for pioneering Bitcoin and Ethereum ETFs in Canada, has filed to launch the first XRP ETF. The move could provide institutional investors with regulated access to XRP, aligning with increasing interest in crypto-based investment products amid regulatory shifts in the U.S. The post Purpose Investments to Launch Canada's First XRP ETF appeared first on Cryptonews.
In its latest markets report that was released today, Ripple claimed that its XRP exploded with a 280% growth in the Q4 of 2024. And of course the surge was triggered by the perfect storm of Trump's election win, a calm Federal Reserve, and institutional investors piling into crypto assets like there was no tomorrow.
The price of Bitcoin dove Friday after President Trump's team confirmed that tariffs on China, Mexico, and Canada are imminent.
Grayscale wants to turn its XRP Trust into an ETF, and people think big companies like BlackRock might do the same. BlackRock has already made Bitcoin and Ethereum ETFs, so many believe it could soon make one for XRP.
Cryptocurrency markets are under pressure on Friday after President Trump's tariff announcement. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $101,924.10 -3.6% Ethereum (CRYPTO: ETH) $3,310.99 +1.5% Solana (CRYPTO: SOL) $228.96 -4.7% XRP (CRYPTO: XRP) $3.01 -4.2% Dogecoin (CRYPTO: DOGE) $0.3245 -3.1% Shiba Inu (CRYPTO: SHIB) $0.0000187 -0.6% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 3.6% and daily active addresses growing by 4.3%.
XRP's market dynamics could see a change as institutional developments and unprecedented retail accumulation converge, with small wallets increasing by 11.6% in two months.
San Francisco-based enterprise blockchain company Ripple has released its latest quarterly report, in which it highlighted XRP's massive price rally that took place recently.
Purpose Investments, a Canadian asset manager, has officially filed a preliminary prospectus today to launch the world's first spot XRP exchange-traded fund (ETF) on the Toronto Stock Exchange. This is a race against the US, where multiple companies have already filed but are yet to get approved.
Renowned technical analyst Peter Brandt stirred up the XRP community on January 30 by posting a daily price chart (XRP/USDT) suggesting a “bull flag” continuation pattern. Brandt, whose reputation in charting spans decades, highlighted $4.39541 as the upper price objective based on the current market structure.
Plus: Robinhood CEO Vlad Tenev calls for tokenized equity. Bitwise files for a dogecoin EFT.
Purpose Investments, the firm behind the world's first spot Bitcoin ETF, is broadening its digital asset offerings with a proposed spot XRP ETF, targeting pending regulatory approval.
Bitcoin bulls are chasing after new highs but investor actions in equities markets and sellers at the top of BTC's range are keeping a cap on price discovery.
The XRP Ledger (XRPL) has implemented the AMMClawback amendment, introducing a new layer of regulatory compliance and asset control within its Automated Market Maker (AMM) system. On Jan. 30, XRPscan, a blockchain explorer for XRPL, confirmed that the amendment is now live after a 14-day activation period.
In a latest update, Purpose Investments Inc., known for launching the world's first Bitcoin and Ether ETFs, has filed a preliminary prospectus with Canadian securities regulators for the proposed launch of Purpose Ripple ETF. The fund manager with more than $23 billion in assets under management, is preparing to launch the first XRP ETF globally.
A well-known crypto analyst, Crypto Beast, has made a bold prediction about XRP future price trajectory, suggesting that it could reach $15 with ease under specific conditions. This interesting outlook comes amidst a consolidation of prices, which is now looking to regain momentum above $3.
XRP is designed to help banks move money more quickly and cheaply than existing methods.
The number of XRP ETF products is growing with new filings from Purpose Investments in Canada.
TL;DR Ripple's new AMMClawback feature on the XRP Ledger allows token issuers to recover funds even after they have been sent. RLUSD can now be used in AMM pools on decentralized platforms, expanding its adoption and increasing its liquidity in the DeFi ecosystem.
Purpose Investments, an asset management firm with over $23 billion in assets, has filed a preliminary prospectus seeking regulatory approval for the launch of a spot XRP exchange-traded fund.
The Canadian asset manager Purpose Investments has submitted a proposal to launch an XRP exchange-traded fund (ETF). The company filed a preliminary prospectus with the Canadian watchdog to introduce the proposed spot ETF.
Ripple, the company behind digital currencies XRP and RLUSD, is urging financial regulators not to sacrifice the “global fungibility” of stablecoins over most consumer protection laws, as it will undermine the benefits of blockchain technology.
Purpose Investments, a veteran Canadian asset management firm with $23 billion in assets under management (AUM) becomes the latest participant in the XRP ETF race. By sending its preliminary filing to the local securities watchdog, the team demonstrates its ambitions to issue world's pioneering exchange-traded fund on spot XRP.
Purpose Investments filed a preliminary prospectus with Canadian regulators for the proposed launch of the Purpose Ripple (XRP) ETF.
The cryptocurrency market today has been showing strength as blue chip coins, namely Bitcoin, Ethereum, and XRP navigate through bullish zones. Talking about a quick January recap, while Bitcoin and XRP witnessed decent gains, Ethereum remained relatively stable, hinting at potential trend shifts in the coming weeks.
Ripple's RLUSD joins AMM pools, expanding liquidity and trading opportunities, marking a significant step for the crypto ecosystem.
Ripple versus the US Securities and Exchange Commission is one of the longest-running battles in the crypto space. The situation has brought a lot of uncertainty for XRP holders and investors.
Ripple's RLUSD stablecoin has surpassed a $100 million market cap in just over a month, with the company emphasizing its over-reserved status and plans for broader adoption.
Austin King, co-founder of Omni Network (OMNI), recently shared insights into XRP's strategic positioning and its ability to process over $434 billion in transactions daily, highlighting its early commitment to the ISO 20022 messaging standard. King believes this commitment was instrumental in Ripple's ability to align XRP with traditional financial systems, offering a competitive edge in the evolving financial landscape.